6461 W 86th Pl, Westchester, CA 90045

Offering memorandum presented by:Anthony Walker – CEO/Managing Broker | License # 01908153

Anthony.Walker@buckinghaminvestments.com(310) 561-4776

$1,100,000 | 2 Units | 18.06 GRM | 3.4% Cap Rate

EL SEGUNDO | LONG BEACH | TORRANCEBUCKINGHAM INVESTMENTS

INVESTMENT HIGHLIGHTS 1

AREA OVERVIEW 2

INVESTMENT SUMMARY 3

RENT ROLL 4

PROPERTY PHOTOS 5-6

DISCLAIMER 7

INVESTMENT HIGHLIGHTS• Beautifully updated Kentwood duplex

• Two (2) - 2-bedroom/1-bathroom units on a large lot

• Refinished original hardwood floors, in-unit laundry, and

upgraded kitchen and bathroom in rear unit including

modern tile, butcher block counters, farmhouse sink,

stainless appliances, new vanity and shower enclosure

• 2-car garage plus long driveway for plenty of off-street

parking

• Tons of nicely landscaped outdoor space including a

large private garden sanctuary in back with a covered

outdoor eating area

• Both units are rented at close to market rents

• Excellent investment property or live in one unit and rent

out the other to help pay the mortgage

• Separately metered, super low expense building

1 BUCKINGHAM INVESTMENTSEL SEGUNDO | LONG BEACH | TORRANCE

Incredible location West of Sepulveda, close to everything including:

Loyola Marymount UniversitySilicon BeachPlaya Vista

Marina Del ReyVenice

Westchester Golf Course

…and is a quick trip down to the South Bay Beach Cities!

BUCKINGHAM INVESTMENTSEL SEGUNDO | LONG BEACH | TORRANCE2

WestchesterGolf Course

Howard Hughes Center

Vons

Price $1,100,000

Year Built 1945

Units 2

Building Sq. Ft 1,612

Lot Sq. Ft 6,148

Price / Sq. Ft $682

Price / Lot Sq. Ft $179

Price / Unit $550,000

Current GRM 18.06

@ Market GRM 15.83

Current Cap Rate 3.4%

@ Market Cap Rate 4.1%

INVESTMENT SUMMARYIncome Actual Pro Forma

Gross Scheduled Rents $60,900 $69,480

Less Vacancy @ 3% ($1,827) ($2,084)

Effective Gross Income $59,073 $67,396

Expenses Actual Market

Taxes $13,750 $13,750

Insurance $626 $626

Repairs and Maintenance $2,113 $2,113

Property Management $3,544 $4,044

Utilities $100 $100

Pest Control $325 $325

Cleaning/Gardening $1,200 $1,200

Legal and Accounting $150 $150

Total Expenses $21,808 $22,308

Net Operating Income $37,265 $45,088

GENERAL INFORMATION

ANNUALIZED OPERATING DATA

PROPOSED FINANCINGLoan Amount (55%) $600,000

Down Pmt (45%) $500,000

Rate (%) 4.50%

Amortization (years) 30

Payment (monthly) ($3,040)

Debt Cov. Ratio 1.02

3 BUCKINGHAM INVESTMENTSEL SEGUNDO | LONG BEACH | TORRANCE

# of Units TYPE ACTUAL RENT MARKET RENT

1 2BD/1BA $2,430 $2,795

1 2BD/1BA $2,645 $2,995

TOTAL $5,075 $5,790

RENT ROLL

14.1% Upside to Rents

4 BUCKINGHAM INVESTMENTSEL SEGUNDO | LONG BEACH | TORRANCE

5 BUCKINGHAM INVESTMENTSEL SEGUNDO | LONG BEACH | TORRANCE

PROPERTY PHOTOS

PROPERTY PHOTOS

6 BUCKINGHAM INVESTMENTSEL SEGUNDO | LONG BEACH | TORRANCE

DISCLAIMER AND CONFIDENTIALITY AGREEMENT

The information contained in this document is private, confidential, and intended solely for the addressed recipient. By receiving and reviewing this document, the intended recipient agrees to maintain the confidentiality of this document. This document is not to be shared, duplicated, recorded, viewed, or disseminated in any fashion without the express written consent of Buckingham Investments. If you are not the intended recipient, do not review the document. Instead, please notify Buckingham Investments that you have received this document erroneously and arrange the return the document to Buckingham Investments.

The sole intended purpose of this document is to provide a brief synopsis of the potential investment in a specific property. The information in this document has been compiled by Buckingham Investments and is only a representation of Buckingham Investments’ opinions at the time the document was created. This document may not represent the current or future opinions of Buckingham Investments regarding this investment opportunity. While Buckingham Investments believes the sources of this information to be reliable, Buckingham Investments has not verified specific information including but not limited to: profit and loss statements, financial statements, size, condition, tenancy, lease status, operational history, or any other details of the property which may be addressed in this document. Buckingham Investments does not warranty the information in this document for any purpose other than as preliminary information regarding a potential real estate investment. This document is not a substitute for due diligence investigations. Buckingham Investments strongly encourages all potential real estate investors to conduct thorough due diligence investigations prior to entering into any transaction.